

Understanding the Special provisions of Presumptive Taxation Scheme
Understanding the Special provisions of Presumptive Taxation Scheme
This 2024 edition of Understanding the Special Provisions of Presumptive Taxation Scheme by Ram Dutt Sharma provides a comprehensive and practical explanation of the presumptive taxation provisions under the Indian Income-tax Act, as amended by the Finance Act, 2024. It serves as a ready reference for taxpayers, professionals, and students seeking clarity on simplified income computation schemes for small businesses and professionals.
The book discusses in detail the statutory framework, eligibility criteria, computation mechanisms, and compliance requirements for residents and non-residents opting for presumptive taxation. It addresses common practical issues and provides guidance for accurate application of the law in real-world scenarios.
The content covers:
• Overview and objectives of presumptive taxation schemes under Sections 44AD, 44ADA, and 44AE
• Eligibility conditions for different categories of taxpayers – residents, non-residents, individuals, HUFs, firms, and LLPs
• Turnover/receipts thresholds and restrictions on deductions
• Method of computing income and deemed profit percentages
• Maintenance of books of account – exemptions and requirements
• Advance tax provisions and implications of opting in or out of the scheme
• Treatment of partners’ remuneration and interest in the case of firms
• Provisions applicable to transporters, small professionals, and non-resident taxpayers
• Impact of amendments introduced by the Finance Act, 2024
• Judicial interpretations clarifying contentious issues
• Practical illustrations and computation examples for better understanding
• Compliance checklists and procedural guidance for filing returns under presumptive schemes
This edition is particularly useful for:
• Chartered accountants, tax consultants, and finance professionals advising small businesses and professionals
• Small business owners and independent professionals seeking simplified tax compliance
• Non-residents with eligible Indian-source income under presumptive provisions
• Tax officials, academicians, and students of taxation law
With its blend of statutory analysis, practical examples, and compliance tools, Understanding the Special Provisions of Presumptive Taxation Scheme is an indispensable guide for anyone navigating the simplified taxation options available under the Indian Income Tax Law.
Book Format | : | Paperback |
Language | : | English |
ISBN-13 | : | 9789356036574 |
Book Edition | : | 2024 |
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Shipping & Returns
Shipping
Orders are shipped within 3–5 working days (exceptions may occur). Deliveries within Delhi usually take 3–5 working days post-shipment, while deliveries outside Delhi may take 4–5 working days. International shipping is not available at present. Once your package has been dispatched, you will receive a confirmation email with a tracking number to monitor your order.
Returns
We do not accept returns or exchanges for books once sold. A return or replacement is only possible if the book delivered is damaged or if the wrong book has been sent. In such cases, customers are requested to contact us within 7 days of delivery with order details and proof (such as a photo of the book). Refunds will be processed once the returned books are received and inspected, and the amount will be credited in the original form of payment within 7 working days. Shipping charges will not be refunded unless the return is due to our error.
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